Meta’s $9.89 Billion Litigation Charge Cuts Third-Quarter Operating Margin to 20%
Meta recorded a $9.89 billion charge to resolve teen mental health litigation with 52 state attorneys general. The one-time expense reduced operating margin to 20% from 40% a year earlier; the agreement provides for payments of up to $18.59 billion.
Meta included a $9.89 billion litigation charge in its third-quarter expenses to resolve teen mental health litigation with 52 state attorneys general. The agreement provides for payments of up to $18.59 billion. The one-time expense lowered operating margin to 20%, compared with 40% a year earlier, reducing…